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Gender and Risk-Taking - Economics, Evidence, and Why the Answer Matters (Hardcover)
Loot Price: R4,557
Discovery Miles 45 570
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Gender and Risk-Taking - Economics, Evidence, and Why the Answer Matters (Hardcover)
Series: Routledge IAFFE Advances in Feminist Economics
Expected to ship within 12 - 17 working days
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The belief that men and women have fundamentally distinct natures,
resulting in divergent preferences and behaviours, is widespread.
Recently, economists have also engaged in the search for gender
differences, with a number claiming to find fundamental gender
differences regarding risk-taking, altruism, and competition. In
particular, the idea that "women are more risk-averse than men" has
become accepted as a truism. But is it true? And what are its
causes and consequences? Gender and Risk Taking makes three
contributions. First, it asks whether the belief that men and women
have distinct risk preferences is backed up by high quality
empirical evidence. The answer turns out to be "no." This leads to
a second question: Why, then, does so much of the literature claim
to find evidence of "difference"? This, it will be shown, can be
attributed to biases arising from too-easy categorical thinking,
widespread stereotyping, and a tendency to prefer results that are
publishable and that fit one's prior beliefs. Third, the book
explores the economic implications of the conventional association
of risk-taking with masculinity and risk-aversion with femininity.
Not only fairness in employment, but also the health of the
financial sector and national responses to climate change, this
book argues, are being compromised. This volume will be eye-opening
for anyone interested in gender, decision-making, cognition, and/or
risk, especially in areas relating to employment, finance,
management, or public policy.
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